Friday, August 28, 2009
Monday, August 24, 2009
Taking Care in One of Our Largest Investments
One of the largest investments we make is buying our homes. The best way to protect this investment is to perform routine maintenance such as regular repairs, inspections, and cleaning that either prevents and catches problems before they turn into major ones, but also keeps our home fresh and new. Routine maintenance and home improvement not only saves you money and protects your financial investment but provides a healthy, safe, and secure and happy place for your family to live. By taking care of your home, you can have the greatest of returns, not only financially- but emotional ones with priceless memories.
The value of you, taking charge of the routine maintenance, repair and home improvements is that you can do them as they are needed, ”again saving you money”, and that you can plan ahead for them. Most simple maintenance and repair issues can be performed by the home owner such as a dripping faucet, dirty filter, broken receptacle; broken window etc… major tasks such as re-roofing or repainting can be difficult if not impossible without the need of outside help. Performing your own repairs familiarizes you with knowing where and how to turn off your water, gas, and power supplies “that is helpful especially in an emergencies”, but it also enables you to also do the simple upgrades and replacement when needed, keeping your cost down and your home at it best.
Although you may like to think you can do it all, unfortunately it important to know your limitations. Sometimes it can be a very costly and a mistake to try to do the repairs/replacement yourself especially if it is out of the scope of what you can do and the law requires it to be performed by a license professional. The repairs involving gas, HVAC refrigerants, plumbing, sewage, drainage, and electrical or work where building codes require it to be supervised/performed by a licensed professional should ALWAYS be done by one. Trying to do it yourself can cost you time and money. Especially if the job is not done right resulting in a major safety hazards and property damages not to mention the possible fines and legal costs that may occur. Also it is really hard to look like a "hero" if your family has not been able to take a shower for 24hrs. It is best to stick to the basics unless you have the training to perform the higher level maintenance required, again I say know your limitations, and call for help when needed.
Routine maintenance is only one of the ways to keep your investment in your home safe. A time may come when you will have to consider protecting your investment by making necessary changes/improvement by getting extra money. For those home improvement projects that might be out of the scope and capabilities of the home owner, many people consider the option of seeking home improvement loans and having someone else do it for them. There are numerous resources out there for those who wish to get help in financing their home repairs and improvements. From an unsecured loan, line of credit or cashing out their home equity to getting VA/FHA loans from a government agency.
Taking care of your home is very important and routine maintenance should be all about saving you time and money and home improvements and remodeling keep your homes appeal high. But most of all, routine maintenance and repairs along with home improvement make your home a sound investment that does not only give you and family a wonderful place to live, but an investment that can grow.
Robert to the rescue
Posted by Tiptons at 7:55 PM 0 comments
Labels: equity loans, home improvement, home loans, investment, line of credit, saving money, savings, unsecure loans, VA/FHA loans
Uses for Peroxide
I received this in an Email and thought I would pass it along.
1. Take one capful (the little white cap that comes with the bottle) and hold in your mouth for 10 minutes daily, then spit it out. (I do it when I bathe.) No more canker sores, and your teeth will be whiter without expensive pastes. Use it instead of mouthwash...
2. Let your toothbrushes soak in a cup of peroxide to keep them free of germs.
3. Clean your counters and table tops with peroxide to kill germs and leave a fresh smell. Simply put a little on your dishrag when you wipe down your countertops, or spray it on the counters directly.
4. After rinsing off your wooden cutting board, pour peroxide on it to Kill salmonella and other bacteria.
5. I had fungus on my feet for years until I sprayed a 50/50 mixture of Peroxide and water on them (especially the toes) every night and let dry.
6. Soak any infections or cuts in 3% peroxide for five to ten minutes several times a day. My husband has seen gangrene that would not heal with any medicine but was healed by soaking in peroxide.
7. Fill a spray bottle with a 50/50 mixture of peroxide and water and keep it in every bathroom to disinfect without harming your septic system like bleach or most other disinfectants will.
8. Tilt your head back and spray into nostrils with your 50/50 mixture whenever you have a cold, plugged sinus. It will bubble and help to kill the bacteria. Hold for a few minutes, and then blow your nose into a tissue.
9. If you have a terrible toothache and cannot get to a dentist right away, put a capful of 3% peroxide into your mouth and hold it for ten minutes! several times a day. The pain will lessen greatly.
10. Put half a bottle of peroxide into your bath-water to help rid boils, fungus, or other skin infections.
11. You can also add a cup of peroxide instead of bleach to a load of whites in your laundry to whiten them. If there is blood on clothing, pour it directly on the soiled spot. Let it sit for a minute, then rub it and rinse with cold water.
Repeat if necessary.
12. Use peroxide to clean my mirrors. There is no smearing, which is why I love it so much for this.
Posted by Tiptons at 7:52 PM 0 comments
Labels: Uses for Peroxide
Oranges and Lemons
Posted by Tiptons at 7:51 PM 0 comments
Labels: deodorize, garbage disposal, lemons, oranges
Home Equity Loans
There can be many good reasons for getting a home equity loan. One reason is that it is a great way of putting money back into perhaps your most secured investment, your home. A home equity loan is a great way of getting monies to perform major repairs or remodeling jobs to your home. If done wisely, this does not only improve the pleasure of your home, but its value as well. Major repairs or remodeling projects, such as a new roof or a new kitchen can increase the value of your home way above the cost of your loan. This can greatly increase the resale value of your home providing that other factors don’t keep or drag down the value of your home, such as the surrounding area or neighborhood.
Equity is what your home is worth over your first mortgage. You use the equity of your home as collateral, as a guarantee that you will pay back the lender the debt you owe or the lender can take your collateral, sell it, and get their money back.
There are two types of home equity loans. These loans are secondary loans, meaning that they are not the first principle loan/mortgage taken on your home. Most first mortgages are repaid over a 30 years. Home equity fixed loans and lines of credit are often referred to as second mortgages and are paid back at shorter lengths of time then the first mortgage often no more than a 15 year period.
The first type of home equity loan is a fixed rate loan that is given to the debtor as a onetime lump sum that is paid back over a predetermined length of time, usually 15 years, with a set payment predetermined by the lender.
The second type of home equity loan is offered as a revolving line of credit. Home equity lines of credit work much like a credit card that allows you to borrow a certain amount of money during the draw period, usually 5 to 10 years with a revolving balance. During that time you can borrow the money as you need it and as you pay down the principle you can borrow again on that line of credit. Home equity lines of credit or HELOC have revolving balance with variable interest rates that fluctuates over the life of the loan. With a home equity line of credit it is possible to remain in debt during the draw period by paying only the interest and not paying down the principal during the draw period. Repayment periods for HELOC’s are generally 10 to 15 years.
Note: With a second and/or third mortgage, home equity loans or lines of credit, you must pay of the balances when you sell your home.
Home improvement is perhaps one of the best reasons for a home equity loan. Why because it can be a high yield investment that is over and beyond the cost of your loan.
Often people take home equity loans for poor reasons that attack the security of one of their most secured investment, their home, to pay off unsecured debts – such as credit cards or to buy disposable items – such as vehicles, expensive electronics, dream vacations, etc… and recreating such problems rather than fixing them. Although it is often an attractive idea, it is very unwise to put your home at risk for things that lose value long before your home does.
Robert to the rescue.
Posted by Tiptons at 7:47 PM 0 comments
Labels: equity loans, home equity line of credit, home loans, mortgages, secured investment
The Popularity of Doing it Yourself
Home improvement stores have really grown in popularity. As our economy tightens and the cost of calling in a professional seems to be more and more costly, the small business and home owner are becoming more and more willing to educate themselves with the necessary skills to perform their own maintenance and repairs and spare themselves the high cost of a professional service. These skills can often be easily obtained by any number of sources via the internet, television, radio, and other Medias like books and magazines. More and more people are learning that given the aptitude and the mechanical ability that doing it yourself office and home improvements can be very rewarding, especially to your pocket book.
The secret in saving time and money around the home or office is not to wait until something happens. When a light does not light or when the toilet does not flush often not only does the anxiety go up, but so does the cost. When something does not work and you need it for something other than comfort it’s called an emergency and is often out of the realm of general repair. This is when a more seasoned skilled professional is called, often as an emergency call, and the cost of repairs soar. The secret in saving money is to do routine inspections and maintenance of the property you own or are renting.
I also believe that too many people don’t have a clue about their property. Like many car owners only know how to put the gas in the car and turn the key, many property owners only know how to pay the utilities, turn the key, and enter the property. What ends up happening when things are not right, they do not have a clue. I say get a clue and protect yourself from the high cost of emergency repairs to put things back right. KNOW YOUR PROPERTY. I often suggest that you walk your property; I will give you suggestions in a later post, and map where all the systems on your property exist- electrical, plumbing, heating and cooling, gas, water, and fire and security alarm systems. Where all the breakers, fuses, values, batteries, monitoring and meters are so you can locate them when needed, This can aid you in maintaining them as needed as well as in emergencies knowing what to do.
It’s also important to have the simple tools and supplies available to perform the maintenance and repairs that are required around the home or office. A simple tool box does not have to be an intense one, However the better the selection and the tools you have the more you can do. It is also very important to know what your tools are for, it uses, and the proper safety precautions to take when using the tool. It is important to keep in mind that even with the best of tools that without the proper supplies and hardware required to do the job the less likely that the job can be done well. Always keep your tools and supplies in a location, inventoried to meet your needs so you can be ready for that simple job that can save you valuable time and money.
Robert to the Rescue.
Posted by Tiptons at 7:46 PM 0 comments
Labels: business, doing it yourself, general repair, home, home improvement, maintenance, repair, saving money